PKG stock: buy or sell?
August 23rd, 2019
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States.
Should I buy PKG stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Packaging Corporation of America stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Packaging Corporation of America stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we collected 9 ratings published for PKG stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-12||Seaport Global Securities||Buy||Neutral|
|2019-4-5||Bank of America||Buy||Buy|
|2019-4-16||Bank of America||Buy||Neutral|
|2019-1-9||Wells Fargo & Co||Outperform||Market Perform|
PKG stock analysis
Packaging Corporation of America slipped a shocking -3.00% and closed at $98.09.
Packaging Corporation of America slipped a shocking -3.00% and closed at $98.09. Since price and SMA200d lines crossed up on June, PKG climbed $4.13 (4.40%). On June, SMA100d and SMA200d crossed up triggering a rise of 3.35%.
Shares of Packaging Corporation of America dropped an awful -3.15% this week.
Packaging Corporation of America stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Late May, SMA20w and SMA40w crossed up triggering a rise of 8.67%. Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.
PKG stock price history
PKG stock went public on January 28th, 2000 with a price of $7.051. Since then, PKG stock surged a 1,291.30%, with an average of 68.00% per year. If you had invested $1,000 in PKG stock in 2000, it would worth $12,913.00 today.
1: Adjusted price after possible price splits or reverse-splits.
PKG stock historical price chart
PKG stock reached 52-week highs on September at $115.98, and all-time highs 2018-01-26 with a price of 125.55.
PKG stock price target is $99.50Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 6 price predictions for Packaging Corporation of America stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-6-24||UBS Group||Set Price Target||n/a||$106.00||-|
|2019-4-5||Bank of America||Reiterates||$105.00||$112.00||6.7%|
|2019-1-9||Wells Fargo & Co||Downgrades||$110.00||$93.00||-15.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince April, when Packaging Corporation of America presented its last earnings report, it remained constant a tiny 1.30%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Packaging Corporation of America annual revenues jumped a very good 8.84% to $7,014.60 million USD from $6,444.90 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) stayed steady a 0.15% to 10.52%. Packaging Corporation of America fiscal year ends in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Packaging Corporation of America TTM sales up to March 2019 were $7,057.60 and earnings $784.70 M USD. If we compare this TTM figures with the last reported annuality, we can esteem Packaging Corporation of America business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, remained stable a tiny 0.61%. Regarding profit margin, Packaging Corporation of America remained stable 0.60% to 10.52%
|2013||$3,670 M||-||$436 M11.9%||-|
|2014||$5,853 M||59.47%||$393 M6.7%||-10.01%|
|2015||$5,742 M||-1.89%||$437 M7.6%||11.26%|
|2016||$5,779 M||0.65%||$450 M7.8%||2.93%|
|2017||$6,445 M||11.52%||$669 M10.4%||48.71%|
|2018||$7,015 M||8.84%||$738 M10.5%||10.38%|
|TTM||$7,058 M||0.61%||$785 M11.1%||6.33%|
Quarterly financial resultsPackaging Corporation of America reported $1,733.70 million in sales for 2019-Q1, a -0.73% less compared to previous quarter. Reported quarter earnings marked $186.80 million with a profit margin of 10.77%. Profit margin remained stable a -0.94% compared to previous quarter when profit margin was 11.71%. When comparing sales to same quarter last year, Packaging Corporation of America sales marked a slightly fine growth and appreciated a 2.55%. Looking back to recent quarterly results, Packaging Corporation of America posted 2 negative quarters in a row.
|2017-Q2||$1,580 M||-||$142 M9.0%||-|
|2017-Q3||$1,640 M||3.80%||$138 M8.4%||-2.82%|
|2017-Q4||$1,684 M||2.70%||$269 M16.0%||94.86%|
|2018-Q1||$1,691 M||0.37%||$140 M8.3%||-47.90%|
|2018-Q2||$1,768 M||4.55%||$187 M10.6%||33.19%|
|2018-Q3||$1,810 M||2.40%||$207 M11.4%||10.77%|
|2018-Q4||$1,747 M||-3.50%||$205 M11.7%||-1.02%|
|2019-Q1||$1,734 M||-0.73%||$187 M10.8%||-8.70%|
Packaging Corporation of America ownershipWhen you are planning to buy shares of a company, it's worth to check its ownership structure.
Packaging Corporation of America shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.24% of all shares.
Bearish positions for PKG stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Packaging Corporation of America:
|Market cap||$9.3 B||$268.5 M||$634.9 M||$4.0 B||$15.4 B|
|Total shares||94.5 M||16.5 M||44.1 M||295.3 M||397.3 M|
|Float shares||92.5 M||16.2 M||43.2 M||275.3 M||386.4 M|
|- Institutional holdings (%)||89.6%||89.5%||102.7%||118.9%||83.5%|
|- Insider holdings (%)||1.2%||3.0%||2.0%||0.8%||0.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$97.62 - $100.99|
|Average true range||$2.09|
|50d mov avg||$98.85|
|100d mov avg||$97.44|
|200d mov avg||$95.01|
Packaging Corporation of America performanceTo better understand Packaging Corporation of America performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare Packaging Corporation of America to Clearwater Paper, , Graphic Packaging, International Paper and Westrock:
Packaging Corporation of America competitorsOne check before trading any stock is to review a list of its competitors, in this case for Packaging Corporation of America. We selected 5 companies as Packaging Corporation of America competitors as they are in the same industry or have similar market objectives.
Latest PKG stock news
- Seeking AlphaWhy You Should Own Packaging Corporation Of AmericaJune 13, 2019
- Seeking AlphaPackaging Corporation Of America's Quality Corporate Governance Leads To A Superior Business ModelApril 26, 2019
- Seeking AlphaPackaging Corporation Of America: The Most Profitable Play In A No Moat, High-Growth IndustrySeptember 7, 2018
- Seeking AlphaPackaging Corporation Of America: Target Return Of 143%September 4, 2018
- InvestorPlacePackaging Corporation of America Could Have Significant UpsideSeptember 4, 2018